Your Top Source of Curated Technology News

It’s business as usual for Indonesia’s cryptocurrency investors

For many, it is simply too lucrative an opportunity to pass up. Some have reported doubling or tripling their profits in less than a year. A college kid, obviously a newbie, even claimed profits 45 times the initial investment. David Kurniawan, who works at a mobile intelligence company, is a case in point. The 27-year-old said he had made US$1,060 in profit on his $2,733 investment in Ethereum, a cryptocurrency originating from Russia, in the space of only seven months. Compare that to 5 percent you would earn on a time deposit in a year, or the average of […]